Cloud adoption has exploded over the past two years, with many organizations rushing to migrate and update their operations for remote work. In 2021 alone, companies spent $408 billion on cloud and Gartner predicts spending will surpass $482 billion in 2022.
But in their hurry, companies may have missed opportunities to optimize their deployments. Inefficient and poorly planned cloud implementation could contribute to more than $100 billion in wasted spending over the next three years, McKinsey suggests. What’s worse, some are making mistakes in their haste: misconfigurations are among the leading causes of potential security threats, not to mention unrealized return on investment.
